# Сопутствующие статьи по теме Stablecoin

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Stablecoin", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Why the Crypto Bill could stall before 2026 U.S. midterm elections

The Crypto Market Structure Bill faces potential delays ahead of the 2026 U.S. midterm elections, with Democrats possibly stalling negotiations into late Q1 or beyond to appease crypto lobbyists while avoiding conflict with banks or party leadership. Key contentious issues include DeFi oversight, stablecoin rewards, and ethics related to Trump family crypto interests. Traditional banks and entities like Citadel Securities are pushing for stricter regulations, while the crypto industry seeks exemptions. The banking lobby plans to spend over $100 million to elect pro-bank candidates, setting up a sector clash before the midterms. Despite election concerns, there is a 77% chance the bill becomes law before 2027.

ambcrypto12/18 14:02

Why the Crypto Bill could stall before 2026 U.S. midterm elections

ambcrypto12/18 14:02

Coinbase Is Redefining the Exchange

Coinbase is redefining the exchange model by launching its most ambitious expansion to date, moving beyond cryptocurrency to build an "all-in-one" financial super app. The strategy is built on six core pillars: commission-free stock trading, prediction markets via a partnership with Kalshi, integration with Solana DEX aggregator Jupiter for seamless access to on-chain tokens, custom stablecoin services for enterprises, simplified derivatives trading, and enhanced support through AI tools and developer platforms. This expansion aims to merge traditional and crypto finance, offering integrated access to stocks, crypto, derivatives, and prediction markets in a single account. By aggregating decentralized liquidity into a user-friendly interface and prioritizing regulatory partnerships, Coinbase is blurring the lines between centralized and decentralized finance. The company’s broader vision includes deepening institutional services and advancing real-world asset tokenization, positioning itself as a comprehensive gateway to the future of finance—all within one app.

marsbit12/18 13:55

Hyperliquid at a Crossroads: Following Robinhood or Continuing the Nasdaq Economic Paradigm?

Hyperliquid, a decentralized exchange, processes perpetual contract volumes comparable to Nasdaq ($617 billion annualized) but generates significantly lower fee revenue—just 3.9 basis points—compared to retail platforms like Coinbase (35.5 bps) and Robinhood (33.5 bps). This reflects a structural divide: Hyperliquid operates at the low-margin "market layer" (exchange execution), while retail brokers capture higher profits through diversified revenue streams like net interest, subscriptions, and order flow. Hyperliquid’s architecture encourages permissionless third-party frontends (Builder Codes) and product listings (HIP-3), fostering ecosystem growth but risking "commoditization" if external interfaces gain routing power and compress fees. Recent strategic shifts suggest a move to defend its official frontend’s competitiveness and expand beyond trading fees. Initiatives like the native stablecoin USDH (capturing 50% of reserve yields) and portfolio margin lending (10% fee on borrower interest) aim to introduce broker-like revenue pools. The platform now faces a key challenge: balancing its open, modular design with the need to capture higher-margin brokerage economics—potentially requiring tighter integration and control over distribution and user balances to avoid long-term margin compression.

marsbit12/18 13:07

Hyperliquid at a Crossroads: Following Robinhood or Continuing the Nasdaq Economic Paradigm?

marsbit12/18 13:07

TRON’s growing network vs. TRX’s flat demand: The disconnect explained

TRON's network activity and stablecoin settlement volumes have shown significant growth, with active addresses and USDT transfers trending higher over recent months. Despite this strong adoption and a positive Total Value Locked (TVL) delta, the price of TRX has been in a sustained retracement phase since late August. Key moving averages have turned bearish, and the price has slipped below the 365-day average. The divergence suggests that rising network usage has not translated into increased demand for TRX, which continues to face selling pressure and may decline toward the $0.245 support level.

ambcrypto12/18 13:01

TRON’s growing network vs. TRX’s flat demand: The disconnect explained

ambcrypto12/18 13:01

$U Stablecoin Launches on BNB Сhain and Ethereum by United Stables

United Stables has launched $U, a new fully-backed stablecoin, on both BNB Smart Chain and Ethereum. The stablecoin is integrated with major DeFi protocols including PancakeSwap, Aster, Four.meme, and ListaDAO, and is supported by wallets such as Binance Wallet, SafePal, and Trust Wallet. It is also listed on HTX exchange. $U is backed 1:1 by a combination of cash and audited stablecoins like USDC and USDT. Reserves are held in segregated accounts, verified via on-chain Proof-of-Reserve, and undergo independent quarterly audits. Future features include confidential balances for organizations and support for AI-driven transactions through EIP-3009 and x402. Designed for trading, DeFi, institutional settlement, cross-border payments, and AI economies, $U aims to serve as a unified liquidity layer. The CEO of United Stables emphasized its role in the future of programmable money, while BNB Chain welcomed the launch for strengthening liquidity and supporting AI-native payments.

TheNewsCrypto12/18 12:20

$U Stablecoin Launches on BNB Сhain and Ethereum by United Stables

TheNewsCrypto12/18 12:20

Hong Kong Web3 Daily Must-Read: Exchange Launches XRP and SOL Futures Contracts with Spot Pricing

Hong Kong Web3 Daily Digest: CME Launches Cash-Settled XRP and SOL Futures Key developments include Hong Kong’s SFC adding "Hong Kong Stablecoin Exchange" to its alert list for suspicious activities. Animoca Brands plans to acquire up to 15% stake in GROW Digital Wealth. Charles Schwab now supports Solana and Micro Solana futures trading. Regulatory updates feature the UK FCA launching a consultation on new crypto rules, while the SEC warns of potential "financial panopticon" risks with excessive crypto surveillance. Project updates: Cosmos L1 Pryzm announces gradual shutdown by January 2026. New York pension fund increases MSTR holdings to $50M. BiSwap warns of malicious redirects on its website. Russia’s Sberbank tests DeFi products, and SBI Holdings plans a regulated JPY stablecoin. Market insights include Grayscale’s 2026 outlook predicting the end of crypto’s "four-year cycle" and Bitcoin potentially reaching new highs. Analysis also covers policy challenges for Xinjiang mining operations and structural issues hindering non-USD stablecoin growth. Fear & Greed Index sits at 16 (Extreme Fear), with BTC at $87,611. Hong Kong BTC/ETH ETF flows showed zero net subscriptions on Dec 16.

金色财经12/18 07:19

Hong Kong Web3 Daily Must-Read: Exchange Launches XRP and SOL Futures Contracts with Spot Pricing

金色财经12/18 07:19

Farewell to the 'Correspondent Bank' Era? Five Crypto Institutions Get the Key to Direct Access to the Fed's Payment System

The U.S. Office of the Comptroller of the Currency (OCC) has conditionally approved five digital asset firms—Ripple, Circle, Paxos, BitGo, and Fidelity Digital Assets—to become federally chartered national trust banks. This marks a significant shift, integrating crypto businesses directly into the federal banking regulatory framework and reducing their historical reliance on intermediary banks. These institutions, now operating under federal oversight, gain regulatory uniformity and nationwide operational rights but are prohibited from taking FDIC-insured deposits or issuing loans. A key advantage is eligibility to apply for direct access to the Federal Reserve’s payment systems (like Fedwire), which could lower transaction costs by 30–50%, enhance settlement efficiency, and mitigate "debanking" risks. This move, enabled by the 2025 GENIUS Act under the Trump administration, reflects a strategic pivot toward recognizing stablecoins as extensions of the dollar system and reinforces requirements for 100% reserve backing and asset segregation. However, traditional banking groups (like BPI) oppose the decision, citing regulatory arbitrage and systemic risks. Final access to Fed accounts remains subject to approval, representing the next phase of industry-regulator negotiation.

Odaily星球日报12/18 03:50

Farewell to the 'Correspondent Bank' Era? Five Crypto Institutions Get the Key to Direct Access to the Fed's Payment System

Odaily星球日报12/18 03:50

Why Does $1 Earn More in Banks? Analyzing the Structural Dilemma of DeFi Lending

Silvio's analysis explores why $1 in a bank deposit generates 10x more profit than the same amount of USDC on Aave, arguing this reflects structural differences rather than inherent limitations in DeFi lending. Currently, most borrowing on Aave is driven by crypto-native strategies like staking ETH to borrow WETH for basis trades (45% of loans), yield farming with volatile collateral, or leveraging stablecoins for arbitrage. These uses are tightly coupled with crypto market cycles and yield opportunities, making DeFi lending highly correlated with "crypto GDP." In contrast, banks benefit from lower funding costs (tied to Fed rates), complex risk transformation (e.g., unsecured corporate loans), and oligopolistic advantages. For DeFi lending to mature, it must decouple from crypto volatility by incorporating new collateral types like tokenized real-world assets (RWA), off-chain credit, and crypto-native underwriting. This shift could align DeFi closer to traditional credit markets, potentially unlocking higher margins and more stable valuations by 2026.

marsbit12/17 23:03

Why Does $1 Earn More in Banks? Analyzing the Structural Dilemma of DeFi Lending

marsbit12/17 23:03

Paradigm's First Investment in a Brazilian Company: What's the Logic Behind It?

Paradigm has made its first investment in a Brazilian company, leading a $13.5 million Series A round in Crown, a stablecoin issuer, at a $90 million valuation. This investment, alongside a previous $8.1 million seed round, highlights strong institutional confidence in Crown’s potential despite its current small market size—BRLV, Crown’s Brazilian real-backed stablecoin, has a circulating supply worth under $20 million. Crown’s appeal lies in its experienced founding group, including former executives from major Brazilian fintech firms like Nubank and Xerpa, and a vision to use stablecoins to support Brazil’s national treasury while offering yield to holders. Brazil represents a strategic market due to its high crypto adoption (ranking fifth globally), a large unbanked population, and a supportive regulatory environment, including the widely-used Pix instant payment system. Unlike many emerging economies, Brazil’s growing fintech ecosystem and reduced inflation make local currency stability viable, creating opportunities for real-backed stablecoins to integrate with existing infrastructure and serve both domestic and cross-border use cases.

比推12/17 12:49

Paradigm's First Investment in a Brazilian Company: What's the Logic Behind It?